THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications
Wednesday, May 17, 2000
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Money

Economy
FOMC: Unbelievers in the new paradigm?
BY the time this appears in print, the FOMC will be through its meeting and probably have announced a 50-basis point increase in interest rates.

Forex
No doomsday for Indian markets
THE question uppermost in the minds of domestic financial market participants now is this: How will the near-certain 50 basis points hike in the Federal funds rate in today's FOMC and very possible prospective rate hikes in the US (with mark et opinion now veering round to the view that the funds rate could peak at 7/7.5 per cent) impact the domestic markets?

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